Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
C corp and S corp are two types of corporations, which are different in many respects. One of the main differences between C corp and S corp is in the taxation.In C corp, the taxes are paid as separate entity. Though the C Corp has to pay the taxes on the profit that it gets, there is no need for the shareholders to pay tax for the profits of the corporation. corp vs S corp. C corp and S corp are two types of corporations, which are different in many respects. One of the main differences between C corp and S corp is in the taxation. In C corp, the taxes are paid as separate entity.